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$SNDK /USDT 4H Level Hides Danger, Shorts About to Explode?
$SNDK /USDT - SHORT
Trading Plan:
Entry: 1626.52 – 1653.84
SL: 1771.31
TP1: 1541.83
TP2: 1476.27
TP3: 1377.92
Why focus on this structure?
Currently, SNDK is consolidating narrowly around 1640. The 1D trend is range-bound, but the 4H direction clearly points to SHORT (confidence 55.4). RSI 15-minute at 57.76, not oversold, still room to the downside. Key entry at 1640.18, TP1 at 1541.83 (-6%), TP2 as low as 1476.27. Why now? Resistance at the upper range has not been broken; bears are building momentum.
Discussion:
Will this short reach TP2 first, or will it fake a pullback to 1653? What's your take?